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First, you need to understand what a buy down is before you can determine if it is worth it to do a buy down. A buydown is typically when the seller contributes to an escrow account that subsidizes the loan for the first few years, giving the buyer a lower monthly payment. The seller of…

When you purchase a home, you’ll have to pay closing costs: These fees, paid typically to a title company are to facilitate the sale of your home. The term “closing costs” is a phrase which covers many fees associated with the purchase of a home except for the sale price. Your loan officer will provide…

First let’s start with what a real estate commission is. Many professionals charge by the hour, real estate agents typically work for a commission, or a percentage of the money exchanged in a final transaction. Real Estate agents are paid only when the deal closes! Many people don’t understand that if you are not successful…

With mortgage rates spiking and home prices dropping slowly. sellers are unsure of what to do next. Sellers are quickly learning that they will have to price their home competitively. The housing market has changed from just a few months ago. Homes were flying off the shelf and being sold in just hours of being…